CNN iReport

Just suppose you traded in a car for a Pontiac just like I did and then was told the pontiac was going to shut down two days later (you think they didn't know that already when they sold it to you.  A week later GM announces it is going to declare bankruptcy and needs stimulus funds to survive.  Let's look at this a moment:

(1) The brochure claims they will pay whatever you owe on your current car loan, yet you are stuck with 1500 dollars of non paid money on current car loan which is rolled into the loan after giving you $3000 for your trade in.

(2)  Your deal is more money than you can afford and later is re-negotiated three days later after making the deal from 11 to 17% interest which gives them an additional 5 to 6K over the period of the loan.

(3) You get calls everyday from the previous loan wanting their money.

What does this add up to?   Well, you get a car which is never going to be made again, they get relief from having to pay the previous loan by declaring bankruptcy which falls back on me the original owner and until resolved ruins my credit rating, and because of the new loan interest makes twice the amount of the car showing a profit.   You do this to everyone buying a car and you show a great profit which allows you to borrow more stimulus funds to keep the company in operation and help with the bankruptcy.   Like wall street, GM has figured out how to put the squeeze on and take our earned cash while wall street takes our invested cash.  So, they take the savings (past) the wages (current) and the past (retirement).   yep, wake up America, we are becoming slaves to the business world and working only to have them take it away from us.  Socialism at its finest.  Oh, did I see a US KGB agent looking at me in the window?   Why, because I figured it out, we are beign squeezed into submission and the price is FREEDOM.  And all this time I though scams to take someone elses money under false pretenses was illegal, immoral, and harmful to good business.  Boy, I am glad I took economics in college because someone must have taken this chapter.